Update
An update on my position in CNBC’s “Million-dollar Portfolio Challenge”:
As you can see, I did make a couple of poor trades that whacked my score down to size. Due to the nature of this contest, one is practically forced into going all in on one stock and hoping to find ... what? ... “serendipity”? ... “fortuitousness”? “Luck” is not part of my vocabulary. We’ll see where it goes from here.
Here are the trades I made those few days that killed me:
3/21:
Bought 16,850 shares of MLHR at 37.84
Bought 14,185 shares of CHL at 46.18
3/22:
Sold 16,850 shares of MLHR at 33.43 (-11.65%)
Sold 14,185 shares of CHL at 46.29 (+0.24%)
Bought 49,054 shares of JBL at $24.93
3/23:
Sold 49,054 shares of JBL at $22.26 (-10.71%)
As you can see, I did make a couple of poor trades that whacked my score down to size. Due to the nature of this contest, one is practically forced into going all in on one stock and hoping to find ... what? ... “serendipity”? ... “fortuitousness”? “Luck” is not part of my vocabulary. We’ll see where it goes from here.
Here are the trades I made those few days that killed me:
3/21:
Bought 16,850 shares of MLHR at 37.84
Bought 14,185 shares of CHL at 46.18
3/22:
Sold 16,850 shares of MLHR at 33.43 (-11.65%)
Sold 14,185 shares of CHL at 46.29 (+0.24%)
Bought 49,054 shares of JBL at $24.93
3/23:
Sold 49,054 shares of JBL at $22.26 (-10.71%)
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